Check out the companies that made headlines in intraday trading: SoFi Technologies — Shares of this consumer fintech company fell about 10% following a disappointing second-quarter profit outlook. SoFi expects adjusted sales of $555 million to $565 million and net income of $5 million to $10 million, compared with analyst estimates compiled by FactSet for sales of $580.8 million. net profit was $13.9 million. However, SoFi’s first quarter profit exceeded analysts’ expectations. Tesla — Elon Musk’s company saw its stock soar 16% after the electric car maker passed a key milestone in rolling out fully self-driving technology in China. Tesla announced on Sunday that local authorities in China had lifted restrictions on its vehicles after meeting the country’s data security requirements. Domino’s Pizza — The pizza chain’s stock rose 4.5% after its first-quarter profit beat expectations. Domino’s Pizza reported earnings of $3.58 per share, compared with analysts’ estimates of $3.39 compiled by LSEG, and said U.S. same-store sales growth increased year-over-year. Philips — Shares of the Dutch medical device giant soar more than 29% after Philips agreed to a $1.1 billion settlement in the U.S. of a personal injury lawsuit related to a recall of several million sleep apnea machines It reached a two-year high. The product was recalled in 2021 due to concerns that it contained parts with potential cancer risks. AT&T — The telecom stock jumped 2.8% after Barclays upgraded AT&T from equal weight to overweight, citing a “mismatch” between the company’s valuation and growth prospects. Roku — The TV streaming company soared more than 3% after receiving an upgrade from Neutral to Buy at Seaport Research Partners. Analyst David Joyce said Roku’s risk/return looks attractive as investors have oversold the stock due to concerns about streaming competition and the company should grow its advertising numbers this year. Apple — Shares rose more than 3% after Bernstein upgraded the tech stock to outperform the market. Analyst Toni Sacconaghi said concerns about China’s recent economic downturn may be overdone and it may be time for investors to “buy into fear.” Southwest Airlines — Airline shares fell 2% after Jefferies downgraded the stock from Hold to Underperform. The company cited Southwest Airlines’ disappointing earnings report on Thursday. The airline said the dividend would be vulnerable due to the airline’s declining cash position. Dave — Shares soared 9.8% after JMP initiated coverage of this fintech company with an Outperform rating. The company said Dave has achieved financial stability with positive adjusted EBITDA, making it a “promising investment opportunity” as the company expands its product offering. AMC Entertainment Holdings — AMC pre-announced first-quarter results, reporting better-than-expected revenue of $951.4 million but slightly disappointing adjusted EBITDA of $31.6 million, according to FactSet. After that, movie theater stocks fell 9.7%. The company also expects second-quarter box office results to continue to be affected by last year’s strike. Paramount Global — Shares of the company, which releases earnings after the bell, rose 3.7% after reports the board was preparing to fire CEO Bob Bakish as soon as Monday. did. —CNBC’s Sarah Ming, Tanaya Machel, Yun Li, Lisa Kai-Lai Han and Michelle Fox contributed reporting.
Stocks with the biggest moves at midday: TSLA, ROKU, AAPL, DPZ
